Curious if others treat their finances/budgets like this.
I recently realized my family’s budget has turned into 5 financial entities.
The breakdown of who is responsible for what is basically:
-general living expenses (mortgage, food, utilities, insurance, etc)
-Materinty clothes (seemed like a family responsibility than just 1 person )
( mostly funded by bday and Xmas money and any we put in from cash budget leftovers)
-Personal wants (new phone, video games, books)
(We take $15 allowances and hoping to grow this as our short term financial goals are completed)
Is your finances anything like this? Did you just realize it is?